This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.
New Buy Candidates: OPTV, SCL (rebuy)
New Short Sale Candidates: None
Add To: AVAV, MNTA, NNBR, PARL, VRUS, XSI
Note: Check back during the market open for new buy candidates and stocks that I am adding more of.
posted by Nick M. @ 1:01 AM
Hello and welcome to my blog. My name is Nick and I am a recent graduate of a top research university. I currently hold a BA degree in Psychology. My main interests are industrial/organizational psychology, HR management and of course, securities and the financial markets. I became interested in trading and investing in stocks a few years ago by pure chance and curiosity. After learning some of the basics in 2003, I began to trade in full force in 2004. Although I've been trading for only a few years, I have learned much about stocks, and analyzing charts in this relatively short time span. My experience and chart reading skills are my edge in successfully navigating the stock market. My strategy and discipline is a blend of trader and stock picker. My style of trading has helped me find some of the current markets top winners in their infancy. In addition to my own personal trading and investing, I also manage assets and portfolios for close friends and family. My goals are to continue to improve and refine my trading/investing strategies in order to further enhance my performance in the market. Eventually, I would like to establish my own investment/asset management firm.
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6 Comments:
Hey Nick,
Can you please run CRNT charts for me? Has been reversing strong.
thanks
btw, I sold out of majority of HYGS at about 20% profit. Will watch for now.
Andy,
good job on taking profits on HYGS. HYGS has been consolidating for a bit now. I should have taken some off the table but I hesitated. Maybe this coming week. I ran a chart on CRNT. It looks like it is bouncing off of a short term bottom. Too early to tell if it will be a sustainable move. As far as running a chart, what do you mean?? You want me to post a chart of the stock or give you my analysis/opinion on it?
And quite a bounce that was; CRNT! I'm glad you pointed it out, Andy. It's an interesting business model for those who care about that too ;) [offering backbone "cabling" through microwave, for cellular companies.]
I'm only slightly concerned that it ran up too much on Friday, but if the "interest" seemed to maintain itself over the next week, I'd like it for a quick trade (next couple of trading days, rather), conceding pretty volatile risks in it.
From your more disciplined perspective, Nick, I'm interested in your opinion as well.
-Chad.
Nick, thanks for your opinion on CRNT. Really that is all I needed, and as always very appreciated.
Chad, CRNT reports Monday and that may set a trend for it. They have been hit with slowing business in US but have been raking it in from developing countries (BRIC et al...)
I missed on IMAX, was a given that the name will receive a lot of publicity around Batman's release and was at less than 7 bucks a week ago! Have a small position in that one from low 7's (this is from two months ago).
Happy Sunday!
Chad and Andy,
From a technical perspective, CRNT seems to be putting in a short term bottom. If earnings are a positive surprise, expect a nice spike up. So far, the stock seems to have run up in anticipation of earnings. Personally, I will just be watching it and not playing it. I have a negative bias towards stocks that still show a downtrend on the weekly. I tried to give MVIS a chance a few weeks ago (thinking it bottomed) and it blew up on me. One nice stock to watch that may bottoming out is JOEZ. PARL is another good one. Just my 2 cents.
Anyways, I will be rather busy tomorrow, so do not be surprised if I do not post any new picks or add ons.
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